For the week ending July 24, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.2 million barrels from the previous week. At 404.5 million barrels, U.S. crude oil inventories are about 7% below the five-year average for this time of year. U.S. crude oil refinery inputs averaged 17.3 …
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United States President Donald Trump said that the Board of Peace reached an agreement for the “complete disarmament” of Hamas and all other armed groups in the Gaza Strip. The agreement, he said, would be carried out in phases, with Israeli forces withdrawing once disarmament is completed, ” Senior Hamas officials have reportedly agreed to the plan, …
The Uhttps://youtu.be/Z35W6Kg1sX4nited States Central Command (CENTCOM) said it completed the “heavy wave” of strikes it launched against Iran earlier in response to yesterday’s “attempted missile attacks on US forces.” The strikes hit “dozens of Islamic Revolutionary Guard Corps (IRGC) targets in Iran, including military command centers, missile and drone facilities, coastal surveillance and defense sites, and maritime …
United States President Donald Trump threatened Iran on Wednesday, claiming that the US military will “beat the fucking shit out of them” after strikes on a US military base in Jordan. “We’ll be hitting them hard, they are going to get a beating,” Trump told Fox News. The US president also said that he was …
Crude oil prices surged over 3.5% on Wednesday, after the United States and Iran resumed hostilities, exchanging attacks across the Middle East overnight, and renewing concerns over supply disruptions. The US military reported earlier that Tehran launched several ballistic missiles at US troops in the region, after which the US Central Command (CENTCOM), together with …
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The United States Central Command (CENTCOM) said its and Saudi Arabian forces jointly struck “Iran-aligned terrorists” in Iraq, claiming that Iran’s Islamic Revolutionary Guard Corps (IRGC) directed those groups to attack US forces and Saudi energy infrastructure. “US and Saudi fighter aircraft struck multiple terrorist logistics and weapons sites across eastern Iraq in a strong response …
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Oil surged as a fresh round of fighting erupted across the Middle East, threatening further disruptions to energy flows and severely undermining diplomatic efforts to end the months-old conflict. Brent climbed almost 4% to above $87 a barrel, paring some of the 16% loss over the past three sessions that was its biggest such decline …
Continue reading “Oil Jumps as US Parries ‘Surprise’ Attack, Iran Claims Ship Hits”
Iran launched ballistic missiles at a United States military base in Jordan, Axios reported, citing a US official. The official said the missiles were intercepted before reaching their target. Iranian outlets Fars and Tasnim identified Muwaffaq Salti Air Base as the target. Tasnim reported heavy Jordanian air defense activity and cited sources saying the base …
Saudi Aramco shut its 400,000-barrel-per-day Jazan refinery on July 27 after a Houthi attack damaged the facility, according to an IIR note seen by Reuters. IIR said the strike damaged the refinery’s Integrated Gasification Combined Cycle complex and tank farm. Repairs are tentatively expected to be completed by August 15. Tentatively is doing some fairly …
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Crude oil prices continued their downward streak on Tuesday, with Brent falling more than 5%, after the United States and Iran decided to halt attacks and resume peace negotiations. Brent for deliveries in September tumbled 5.32% to sell for $83.70 per barrel at 12:00 pm ET. At the same time, West Texas Intermediate (WTI) for …
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